MasterCard Incorporated, a company that processes well over 23 billion transactions each year and services businesses, merchants, financial institutions, and cardholders in more than 211 territories and countries from around the globe, today announced that it has entered into an agreement to buy a European e-commerce payment processor called DataCash Group plc for about $520 ...
Oberthur Technologies, considered by many in the payment processing industry to be the global leading provider of contactless payment platform and innovative technologies related to Near Field Communication (NFC), has been seeing a huge demand for their contactless stickers from many companies around the world. The hot product from Oberthur Technologies that banks and issuers ...
Today we got news out of Madrid and Miami that MasterCard Worldwide and Telefónica have signed a multi-year agreement targeting Telefónica’s mobile customer-base with MasterCard co-branded credit cards. Movistar (which is a Telefónica brand of credit card) and MasterCard will co-brand new credit card offers in 11 Latin American countries such as Colombia, El Salvador, ...
MasterCard reported today that its second quarter profit is up 31 percent due to strong international payment transaction growth, company cost cutting initiatives, and price increases. The report topped what many on Wall Street were predicting. Despite the good news, MasterCard share fell during early morning trading. A closer look at the report by MasterCard ...
Today, MasterCard Worldwide put out a press release on its website announcing to the world that Ed McLaughlin has a new job as the Chief Emerging Payments Officer and Eileen Simon as the Chief Franchise Development Officer at the company. The appointment for the two individuals is effective immediately according to the announcement. McLaughlin’s job description ...
MasterCard Worldwide announced today that Tara Nathan will be the CEO of a new joint venture with Smart Hub, Inc. Nathan has been hired since July 26, 2010 but the news was released to the Press today. Nathan will head and oversee the development of the Mobile Payment Gateway for MasterCard which is an open ...
SmartMetric, Inc, a patent holding technology company based out of Bay Harbor, Florida, today put out a press release announcing that it has filed complaints against MasterCard and Visa for patent infringement and this recent one is the second Amended Compliant against the parties involved. SmartMetric has included full scanned copies of the compliant file ...
On Thursday July 15, 2010, MasterCard Inc. and almost all of the banks that filed claims announced that an agreement has been reached to take settlement relating to the data security breach dating back to 2008 when Hartland Payment Systems Inc security networks was compromised. In the agreement, Hartland and MasterCard settled on nearly 80% ...
There is a recent study conducted by the Boston Consulting Group based out of Boston, Massachusetts which goes on to say that the value of prepaid cards that are branded in the USA is going to exceed $439 billion by the time 2017 rolls around. If you think about this, the number is practically 4 ...